Overnight Digest: Top 5 mid and small-cap stocks to watch out for March 8

On Thursday, the main stock market indices ended the trading session on a flatter note. The Sensex, representing the overall market sentiment, edged slightly higher by 0.05 %, hitting a new peak of 74,245.17 points. Similarly, the Nifty index also saw an uptick of 0.09 %, reaching a fresh record high of 22,525.65 points.

Notable sectors that saw gains included media, metal, and FMCG, while energy, banking, and auto sectors experienced some declines.

Leading the gainers in the Nifty 50 were Tata Steel, Tata Consumer Product, and Bajaj Auto, while M&M, BPCL, and Reliance were among the top decliners.

In the broader market, the Nifty Midcap index closed slightly higher by 0.22 %, and the Nifty Smallcap index saw a significant gain of 0.85 %.

Here is the list of the top 5 mid and small-cap stocks to watch

1. G R Infraprojects Ltd (1,253.75)
   G R Infraprojects Ltd is an integrated road Engineering, Procurement, Construction company (EPC) with experience in the design and construction of various road/highway projects across 15 States in India. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 101 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.
2. Chemfab Alkalis Ltd (Rs 632.75)
   Chemfab Alkalis Ltd is in the business of manufacturing basic inorganic chemicals and PVCO pipes. The shares of the company were locked in an upper circuit of 20% for the day and have delivered returns of 70.90% year to date indicating bullish momentum. Hence add this stock to the watchlist.
3. Rallis India Ltd (Rs 287.8)
   Shares of Rallis India Ltd reached a new 52-week high price of Rs 294.4 today. The company is into manufacturing of Agrochemicals and is present across the value chain of agriculture inputs – from seeds to organic plant growth nutrients. Thus keep this stock on the watchlist.
4. Kilburn Engineering Ltd (Rs 302)
   Kilburn Engineering Ltd. is engaged in designing, manufacturing and commissioning customized equipment/systems for critical applications in several industrial sectors like Chemical, Steel, Nuclear Power, Petrochemical and Food Processing etc. Today the company disclosed the open market purchase of 10,000 equity shares by Ekta Credit Private Ltd which belongs to the promoter group. Given this positive development, it is advisable to keep this stock in your watchlist
5. Mishtann Foods Ltd (Rs 20.17)
   Mishtann Foods Ltd, which manufacturing and processing of Rice, wheat, etc held a Board Meeting today. The Rights Issue Committee at this meeting has considered and approved the rights issue amounting to Rs 49.9 crore. Thus, it is advisable to add this stock to the watchlist.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions